upward trend of Acetic acid
Methanol is primarily raw material to produce formaldehyde, methyl tertiary butyl ether (MTBE) and acetic acid. European and US methanol market dynamics continue to follow a similar trend, with healthy demand recovery amid tighter supply boosting spot prices. Domestic acetic acid demand continues to be stable. Acetic acid factories are tight in inventory, and the supply side is further tightened. Downstream users are actively purchasing. It is expected that the upward trend will continue in the later period.